While addressing his decision to sue the satellite radio company on The Howard Stern Show, Stern charged that SIRIUS XM put him in an unenviable and painful position.

"It's true that I am suing Sirius," he said. "I have never, ever gotten on the air and discussed my financial situation... I'm an honest guy who believes in fairness. I believe that I've been dealt with unfairly."

Stern has famously battled the FCC and media conglomerate Infinity Broadcasting Corporation over the course of his lengthy career, but he insists that his grievance with SIRIUS XM marks a new low.

The radio host explained: "It causes me great pain to sue the company I work for… Nevertheless, I had to do it. Suffice it to say, there's a dispute and I believe I haven't been given what is mine.

"There's obviously a disagreement here and it will be settled in a court... I have encountered things that are disturbing before [in my career], but never like this. It's a business argument and that's that."